Juventus Fan Token (JUVUSDT) Market Overview

Juventus Fan Token (JUVUSDT) closed at 0.945 (12:00 ET) after a 24-hour session that saw a sharp decline from an open of 0.966 (12:00 ET-1). The token reached a high of 0.969 and low of 0.926, with total volume of ~160,000 units and turnover of ~4,125 USD (note: "amount" values appear to represent sequential IDs, not USD volume).

Analysis

Structure & Formations

The token’s price dropped nearly 3% over 24 hours, breaking below support at 0.945. A large bearish candle at 2:45 AM ET (0.958–0.941) marked the steepest decline, with volume surging to 53,907 units—a clear sell-off signal. Resistance now appears near 0.95, where prior declines halted, while support holds at 0.93 (tested during the low).

Moving Averages

On the 15-minute chart, the price remains below the 20-period MA (0.943) and 50-period MA (0.945), indicating short-term bearish momentum. The daily chart’s 50-period MA (0.953) and 100-period MA (0.955) suggest a broader sideways bias, but the recent drop has created distance from these levels.

MACD & RSI

The MACD line (12,26,9) dipped below its signal line, confirming weakening momentum. RSI (14) briefly hit oversold territory (<30) at **0.926**, hinting at potential short-term rebounds. However, a sustained recovery above **0.945** will be critical to negate further declines.

Bollinger Bands

The bands expanded sharply during the 2:45 AM ET sell-off, with price hitting the lower band (0.936). A close above the 20-period MA could signal volatility contraction and a retracement toward the upper band (0.952).

Volume & Turnover

Volume spiked during the decline, confirming bearish pressure. Notably, the largest 15-minute volume occurred during the drop to 0.941, while lighter volume during rebounds suggests limited buying interest.

Fibonacci Retracements

A 38.2% retracement (0.938) and 61.8% retracement (0.947) of the 0.969–0.926 swing act as dynamic support/resistance. A break below 0.93 could extend the decline toward 0.92, while a close above 0.95 might signal a reversal.

Outlook & Risk

JUVUSDT appears poised to test 0.93 support, but an RSI rebound from oversold levels could spark a short-term bounce toward 0.945. Investors should monitor volume confirmation during rallies—failure to sustain gains above 0.95 may signal further downside. Risk remains elevated due to the sharp drop and lack of buyers at lower levels.

Summary:
• Bearish momentum dominates, with a 2% drop to 0.926 and volume spike at critical lows.
• Key support at 0.93 faces immediate tests, while resistance clusters near 0.95.
• RSI oversold suggests a short-term rebound could form, but volume remains bearish.
• Fibonacci retracements at 0.938 and 0.947 define near-term price targets.